Verizon Business
{{Short description|Division of Verizon Communications}}
{{Infobox company
| name = Verizon Business
| logo = File:Verizon_Business_2024.svg
| type = Division
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| foundation = {{start date and age|2006}}
| fate =
| area_served = United States
| key_people = Kyle Malady (CEO)
| industry =
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| products = Network, Communications, Mobility, Cloud, Machine to Machine, Security
| services =
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| parent = Verizon Communications
| divisions = Verizon Connect
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| location_city =
| location_country = United States
| location = Basking Ridge, New Jersey
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| module = {{infobox network service provider|child=yes|asn=701}}
}}
Verizon Business (formerly known as Verizon Enterprise Solutions) is a division of Verizon Communications based in Basking Ridge, New Jersey, that provides services and products for Verizon's business and government clients.{{cite news| url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=7818639 | work=Bloomberg | title=Verizon Enterprise Solutions, Inc.: Private Company Information}}
It was formed as Verizon Business in January 2006 and relaunched as Verizon Enterprise Solutions on January 1, 2012. Verizon reorganized into three units in January 2019, which included Verizon Business Group.{{cite web|url=https://www.zdnet.com/article/verizon-reorganizes-into-3-groups-to-leverage-5g/|title=Verizon reorganizes into 3 groups to leverage 5G|last=Dignan|first=Larry|website=ZDNet|language=en|access-date=2019-07-04}}
Overview
Verizon Business was created following Verizon's acquisition of MCI Communications in January 2006.{{cite news |title=Verizon closes book on MCI merger franchise | author=Marguerite Reardon |url=http://news.cnet.com/Verizon-closes-book-on-MCI-merger/2100-1037_3-6003498.html |newspaper=CNET |date=January 6, 2006 |access-date=November 27, 2013}} The division became Verizon Enterprise Solutions on January 1, 2012 and is based in Basking Ridge, New Jersey.{{cite web |url=http://www.hoovers.com/company-information/cs/company-profile.Verizon_Enterprise_Solutions.9f06b5356525ad50.html |title=Verizon Enterprise Solutions Company Profile |work=Hoover's |access-date=March 2, 2014}} Verizon Enterprise Solutions is the division of Verizon Communications that manages Verizon's business and government clients. The division's network and services were available in more than 150 countries and it had employees in 75 countries in 2013.{{cite news |title=Verizon Enterprise chief: We're headed for cloud computing's A-list President John Stratton says ability to build infrastructure at scale presents huge opportunities for Verizon in mobility, security, Internet of Things
|author=John Gallant |url=http://www.networkworld.com/news/2013/051313-verizon-stratton-269687.html|work=Network World |date=May 13, 2013 |access-date=February 24, 2014}}{{cite web |url=http://about.verizon.com/themes/site_themes/vz/images/uploads/verizon-corporate-fact-sheet.pdf |title=Verizon Communications Fact Sheet |date=September 30, 2013 |access-date=October 25, 2013}}
Verizon Business operated 200 data centers in 22 countries, providing cloud, hosting and Internet colocation services to customers in 2013.{{cite news |title=Verizon Takes On AWS With Homegrown Cloud Code |author=Timothy Prickett Morgan |url=http://www.enterprisetech.com/2013/10/03/verizon-takes-aws-homegrown-cloud-code/ |work=EnterpriseTech |date=October 3, 2013 |access-date=February 28, 2014}} It also had partial ownership in 80 submarine cable networks worldwide, including the SEA-ME-WE 4, Trans-Pacific Express, and the Europe India Gateway systems in 2011.{{cite news |title=Verizon Offers Customers More Capacity with Submarine Cable Upgrade |author=Nathesh |url=http://cable.tmcnet.com/topics/cable/articles/140300-verizon-offers-customers-more-capacity-with-submarine-cable.htm |work=Cable Spotlight |date=February 1, 2011 |access-date=March 3, 2014}}
John Stratton led the division from January 2012 until April 2014 when Chris Formant was named president of the unit.{{cite news |title=Executive Profile: John G. Stratton |url=http://investing.businessweek.com/research/stocks/people/person.asp?personId=776563&ticker=VZ |work=Bloomberg Businessweek |access-date=June 9, 2014}}{{cite news |title=Verizon taps Avaya veteran Chris Formant to oversee enterprise business |author=Sean Buckley |url=http://www.fiercetelecom.com/story/verizon-taps-avaya-veteran-chris-formant-oversee-enterprise-business/2014-04-21#ixzz31hO0nuv7 |work=FierceTelecom |date=April 21, 2014 |access-date=May 14, 2014}}
Verizon reorganized into three distinct units starting in January 2019 Verizon Consumer Group, Verizon Business Group, and Verizon Media Group. When this was announced, it was also announced that Tami Erwin, then executive vice president of wireless operations, would lead Verizon Business.
Erwin was replaced in July 2022 by Sowmyanarayan Sampath as CEO of Verizon Business. In March 2023, Kyle Malady replaced Sampath as CEO.{{cite news |title=Verizon Business CEO Sowmyanarayan Sampath talks the state of 5G in Houston and how businesses can take advantage of it |last=Munce |first=Megan |date=September 5, 2022 |access-date=October 6, 2022 |work=Houston Chronicle |url=https://www.houstonchronicle.com/business/texas-inc/article/Verizon-Business-CEO-Sowmyanarayan-Sampath-talks-17409474.php}}{{Cite web |date=2023-03-03 |title=Verizon announces senior management changes |url=https://www.verizon.com/about/news/verizon-announces-senior-management-changes |access-date=2023-03-21 |website=www.verizon.com |language=en}}
Products and services
=Networks=
The company provides Private IP services and networks, as well as managed WAN and LAN services,{{cite news |title=Verizon Business incorporates Ethernet into its managed network lineup |author=Sean Buckley |url=http://www.fiercetelecom.com/story/verizon-business-incorporates-ethernet-its-managed-network-lineup/2010-11-01#ixzz33EdlqtZQ |work=FierceTelecom |date=November 1, 2010 |access-date=30 May 2014}} among other networking services.{{cite news |title=Verizon Brings Thunder to the Cloud |author=Mitch Wagner |url=http://www.lightreading.com/services/cloud-services/verizon-brings-thunder-to-the-cloud/d/d-id/708897?_mc=RSS_LR_EDT |work=Light Reading |date=May 12, 2014 |access-date=May 13, 2014}}{{cite news |title=Verizon Connects Cloud With On-Demand WAN |author=Carol Wilson |url=http://www.lightreading.com/spit-(service-provider-it)/security-platforms/verizon-connects-cloud-with-on-demand-wan/d/d-id/708603 |work=Light Reading |date=April 9, 2014 |access-date=April 10, 2014}} Verizon also operates a global IP network that reaches 150 countries. In January 2012, Verizon began its Private IP Wireless (LTE) service, which combines 4G LTE with Verizon’s MPLS IP VPN.
>{{cite news |title=Verizon's IP VPN Opens a New World of Wireless Possibilities |author= Thor Olavsrud |url= http://www.pcworld.com/article/254110/verizons_ip_vpn_opens_a_new_world_of_wireless_possibilities.html |work=PC World |date=April 19, 2012 |access-date=May 19, 2014}}
=Cloud computing and data centers=
Verizon Business offers cloud and data center services through its 11 cloud-enabled data centers. Six of these are in the United States, including NAP of the Americas, its flagship Internet exchange point and colocation center.{{cite news |title=Verizon Adds Cloud Data Centers in Dallas and London |author=Yevgeniy Sverdlik |url=http://www.datacenterdynamics.com/focus/archive/2013/01/verizon-adds-cloud-data-centers-dallas-and-london |work=Datacenter Dynamics |date=January 15, 2013 |access-date=April 10, 2014}}{{cite news |title=Verizon to scout Australian cloud |author=Nate Cochrane |url=http://www.smh.com.au/it-pro/cloud/verizon-to-scout-australian-cloud-20131009-hv1xm.html |work=Sydney Morning Herald |date=October 9, 2013 |access-date=April 13, 2014}} Verizon also has approximately 50 regional data centers and has network access points in the United States, Europe and Latin America.{{cite news |title=Terremark CEO Resigns, Former Verizon Cloud Director Named Successor |url=http://www.thewhir.com/web-hosting-news/terremark-ceo-resigns-former-verizon-cloud-director-named-successor |work=The Whir |date=May 20, 2011 |access-date=April 10, 2014}}{{Cite web | title =Long Road From Cuba | publisher =Sramana Mitra | date =October 28, 2009 | url = http://www.sramanamitra.com/2009/10/28/manny-medina-ceo-of-terremark-part-1/ | access-date =March 3, 2014}} Verizon offers colocation and managed services through these data centers.
In August 2011, Verizon purchased CloudSwitch.{{cite news |title=Verizon buys CloudSwitch, Burlington start-up that set out to make cloud services safe for big companies |last1=Kirsner |first1=Scott |url=http://www.boston.com/business/technology/innoeco/2011/08/verizon_buys_cloudswitch_burli.html |newspaper=Boston.com |date=August 25, 2011 |access-date=February 5, 2014}} CloudSwitch's software allowed Verizon to offer clients the ability to use their existing applications with cloud services.{{cite news |title=Verizon acquires Terremark, CloudSwitch |url=http://www.fiercetelecom.com/special-reports/most-important-mas-2011/verizon-acquires-terremark-cloudswitch |newspaper=FierceTelecom |date=14 December 2011 |access-date=5 February 2014}}
Verizon had a fabric-based cloud infrastructure called Verizon Cloud, which was in beta testing in 2013.{{cite news |title=Verizon challenges Amazon with Verizon Cloud |author=Serdar Yegulalp |url=http://www.infoworld.com/t/cloud-computing/verizon-challenges-amazon-verizon-cloud-228136 |work=InfoWorld |date=October 3, 2013 |access-date=April 10, 2014}} Verizon Cloud has two components: Verizon Cloud Compute and Verizon Cloud Storage. Seven data centers support Verizon Cloud {{as of|2014|05|lc=y|post=.}}{{cite news |title=Verizon Revamps IaaS, Cloud Storage To Better Manage, Secure & Meet App SLAs |author=Vance McCarthy |url=http://www.idevnews.com/stories/5960/Verizon-Revamps-IaaS-Cloud-Storage-To-Better-Manage-Secure-Meet-App-SLAs |work=Integration Developer News |access-date=May 13, 2014}}
As of April 2014, the company's Secure Cloud Interconnect (SCI) service allows enterprise customers to connect their private IP to Verizon's cloud services, and other cloud platforms including Equinix and Microsoft.{{cite news |title=Verizon launches private IP cloud interconnect service |author=Larry Dignan |url=https://www.zdnet.com/article/verizon-launches-private-ip-cloud-interconnect-service/ |work=ZDNet |date=April 9, 2014 |access-date=May 13, 2014}}
In December 2016 Verizon agreed to sell its US data centers business to Equinix Inc for 3.6 billion in cash. The deal includes 24 facilities across 15 metropolitan markets.{{cite web |last1=Sawers |first1=Paul |title=Equinix to buy 24 data center sites from Verizon in $3.6 billion deal |url=https://venturebeat.com/business/equinix-verizon-24-data-centers/ |website=VentureBeat |access-date=30 March 2023 |date=6 December 2016}}
=Connected devices=
Verizon offers machine to machine (M2M) solutions for clients. Verizon established "Innovation Centers" in both Boston and San Francisco to help clients with M2M development.{{cite news |title=Verizon Offers M2M Management Solution |author=Andrew Berg |url=http://www.wirelessweek.com/news/2010/10/verizon-offers-m2m-management-solution |work=Wireless Week |date=October 6, 2010 |access-date=March 3, 2014}}{{cite news |title=Verizon's Innovation Center: Incubating the next generation of connected devices keeps the 'dumb pipe' naysayers at bay |author=Darren Murph |url=https://www.engadget.com/2013/06/03/verizon-innovation-center-incubation-lte-future/ |work=Engadget |date=June 3, 2013 |access-date=June 9, 2014}}
Examples of Verizon Business M2M offerings include digital signage, smart cities,{{cite news |title=Verizon thinks its cloud is better than yours — and it may be right |author=Eric Blattberg |url=https://venturebeat.com/2014/05/29/verizon-thinks-its-cloud-is-better-than-yours-and-it-may-be-right/ |work=VentureBeat |date=May 29, 2014 |access-date=June 9, 2014}} smart meters,{{cite news |title=Verizon's Utility Offerings: Moving Far and Wide Beyond the Meter |author=Katherine Tweed |url=http://www.greentechmedia.com/articles/read/verizons-utility-offerings-moving-far-and-wide-beyond-the-meter |work=GreenTech Media |date=August 21, 2012 |access-date=June 9, 2014}} fleet management, and asset tracking.{{cite news |title=Five ways Verizon is helping to drive M2M towards the future |author=Jack Wallen |url=http://www.techrepublic.com/blog/smartphones/five-ways-verizon-is-helping-to-drive-m2m-towards-the-future/6179/?s_cid=e101&tag=nl.e101# |work=TechRepublic |date=January 14, 2014 |access-date=May 12, 2014}}{{cite news |title=Machine-To-Machine Technology Is Here: You Don't Have To Imagine The Opportunities |author=Kristin Bent |url=http://www.crn.com/news/networking/240155967/machine-to-machine-technology-is-here-you-dont-have-to-imagine-the-opportunities.htm |work=CRN Magazine |date=June 10, 2013 |access-date=12 May 2014}}
Verizon acquired Hughes Telematics in June 2012, expanding the division's M2M capabilities, particularly in telematics, which deals with vehicle telecommunications and technology.{{cite news |title=Verizon completes takeover of Hughes Telematics |url=http://www.telecomengine.com/article/verizon-completes-takeover-hughes-telematics |work=Telecom Engine |date=August 1, 2012 |access-date=May 13, 2014}}
After the acquisition, in March 2013, Verizon Enterprise Solutions began offering Networkfleet solutions, a service which tracks and analyzes data about commercial vehicle fleets to help customers optimize routes and manage their fleet vehicles and employees.{{cite news |title=Verizon taps Hughes acquisition for fleet management solution |author=Dan Meyer |url=http://www.rcrwireless.com/article/20130315/m2m/verizon-taps-hughes-acquisition-fleet-management-solution/ |work=RCR Wireless News |date=March 15, 2013 |access-date=May 12, 2014}}
=Security=
Verizon provides security management services for its cloud and mobility products.{{cite news |title=Verizon plays catch up with new cloud compute, storage offerings |author=Eric Blattberg |url=https://venturebeat.com/2013/10/03/verizon-plays-catch-up-with-new-cloud-compute-storage-offerings/ |work=VentureBeat |date=October 3, 2013 |access-date=April 10, 2014}} These include threat management tools and protection services, monitoring, analytics, incident response, and forensics investigations.{{cite news |title=View from inside Verizon's security SWAT team |author=John Dix |url=https://www.networkworld.com/article/673508/security-view-from-inside-verizon-s-security-swat-team.html |work=Network World |date=May 14, 2013 |access-date=June 9, 2014}}{{cite news |title=Verizon launches new Cyber Intelligence Center |author=Ashley Bennett |url=http://www.gsnmagazine.com/article/40355/verizon_launches_new_cyber_intelligence_center |work=GSN: Government Security News |date=February 28, 2014 |access-date=June 9, 2014}} It also offers identity and access management in both the United States and Europe.{{cite news |title=Verizon Expands Cloud-based Identity Platform |url=http://www.securityweek.com/verizon-expands-cloud-based-identity-platform |work=SecurityWeek |date=October 15, 2013 |access-date=April 10, 2014}} In November 2013, Verizon Enterprise Solutions introduced Managed Certificate Services, which provide a cloud-based means for businesses to secure connections and data between various types of machines and devices.{{cite news |title=Verizon Launches Enterprise Solution to Secure Connected Everything |author=Michelle Maisto |url=http://www.eweek.com/security/verizon-launches-enterprise-solution-to-secure-connected-everything.html#sthash.SQK8v38U.dpuf |work=eWeek |date=November 19, 2013 |access-date=April 10, 2014}}
=Other products=
Additional items offered by Verizon Business include wired and wireless voice,{{Cite web|url=http://www.verizonenterprise.com/Medium/products/communications/|title = Business Products}} FiOS{{Cite web|url=http://moveyourmoneyproject.org/verizon-fios-promotion-code-and-reviews/|title=Compare Coupons, Credit Cards & Travel - Move Your Money Project|access-date=2015-07-08|archive-date=2015-07-08|archive-url=https://web.archive.org/web/20150708194246/http://moveyourmoneyproject.org/verizon-fios-promotion-code-and-reviews/|url-status=dead}} and data and Internet services. Mobility products offered include mobile workforce manager, mobile application management, and mobility pro services.{{cite news |title=Company Overview of Verizon Enterprise Solutions, Inc. |url=http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=7818639 |work=Bloomberg Businessweek |access-date=May 14, 2014}}
See also
References
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